Member Info for belgrano

Hi Elguiri,
Please don't post rubbish, and look at what you have just written.
"this is never going back to £15,£10 or even £5", you then follow it up with "my prediction is £5 in sept/oct time".
Please explain sir, even had 4 posters tick it up???
Best regards.

and then only if exceeding your tax free limits, however best move as Redmore outlines...put it all in your isa..then fill up the misses as well. parents...granny.. trusted family members.

Thanks for sharing blueberg, one thing which really stood out for me was the "10 year mine reserve life".
When properly explained its because its been artificially underwhelmed, because they don't need to expend extra expenditure to prove any more. high probability of considerably more, just that proving its in the worldwide top quartile in many metrics is sufficient.
Get the current issue over and its simply a stock you can very comfortably retire on.

I think those comments from the head of Saudi Aramco, if correct are just a smokescreen.
Its an actual fact that Brent crude is 24% higher now starting with the attack on Ukraine. Indeed Saudi are also profiteering by raising forward prices for oil already. Remember during Covid we were awash with oil and had every spare tanker full to the gunnels with it, ready to sell when prices rebounded.
See factual links below by reuters.
https://www.reuters.com/markets/commodities/opec-words-contrast-with-saudi-action-raising-oil-prices-russell-2022-

Yes the Indian refiners like Reliance which are actually rated as the No:2 in the world in the Nelson complexity index, are buying as much cheap crude as they can process then selling the refined products on the Amsterdam spot markets easily beating by a considerable margin the very best refiners in Europe.
This will also include LPG which is a high value by product when the crude is cracked, which is now being in huge worldwide demand now oil direct from Russia is being re-routed via the far East, and back to Europe.
This is factual and after 30 years in the oil and gas industry can see who is really gaining.

Good post sagacity, shame a lot of peeps post items they know are incorrect. They are best served with the filter.
VP, is very careful with his words, calling Ukraine "special operations", not a war where all assets are confiscated.
Worldwide at worst Russian assets have been frozen mot confiscated. This is to enable easy resumption of normality once a ceasefire is agreed. Got to be noted that a lot of our shareholders who purchased stock on the Moscow exchange are not Russian but multinational investors, the same as those who purchased on FTSE. Both sides have a lot to lose if any confiscation takes place, its why it will not happen.

Polymetal will now experience some significant financial savings on its borrowings from Russian banks following a pretty stunning resurgence in the value of rouble.
We were paying 20% interest rates on our borrowings which although still made polymetal nicely profitable it was certainly having a negative effect on our btm line.
Now rates have been reduced to 11% , which is most certainly a significant saving for our company.
https://edition.cnn.com/2022/05/26/business/russia-economy-ruble-interest-rates/index.html

Or pay us all in stock so not to be different, even if we had to have a lock in period otherwise its circumnavigating the sanctions.

Hi DGR, yes I like to hold a percentage in gold as its the ultimate currency as the pound is currently falling. Just hope everyone here has filled this years isa with max poly if they can as opposed to holding in normal trading accounts.

However we do lose out in the gold sale price of our product and what we were getting as dividends, so not suggesting breaking any rules or sanctions when all settled and above board, I'd much rather be rewarded in gold as a dividend.

The poly boards view is they will fully co-operate with all sanctions, and payment via other means could be seen as just that, so thats why its a non starter. You are correct DRG.

Not suggesting breaking the law in any way, of course I'm sure we would all honestly declare our dividends be it in bitcoin or bullion.
Just like the 15 major EU companies who have opened accounts for gas with Russia, all above board.... I'd happily do the same, as an online account.

Yep I bet, the UK taxman would really love that. For some here and I count myself it would be a decent weight as well. Stranger things have happened, but dont miss the point about taking positions now.

Poly do not want to stop the divi, the board have confirmed it. I even tried to suggest some alternative payments options such as bullion or bitcoin.
This is because currently they cannot fairly give their share to members who purchased on the Moscow exchange.. Please bear in mind this is also an international exchange so they may be Indian or Chinese for example.
However when they are able to do so they most certainly will be giving out a divi again, and looking at the current shareprice I believe its going to be far north of generous.
However this fact will not be lost on the many institutional fund managers out there who I believe are going to try and grab this stock in a feeding frenzy few have witnessed in our lifetime.
Forget going up against the multiple big boys when this time comes...orders wont go through or be accepted.. Unless its to sell. Seen this before.
There is no real risk with this company or stock, although some doom mongers try to spook investors..just 8 weeks ago, this board was littered with investors wrongly saying we were about to be suspended or all assets would be confiscated.
Best thing is to proactive now, then like me sit drinking a cold beer with no intension to sell, as before midnight we'll all be on champagne. .... Want a true secret...had a birthday card a while back that I keep on my deck...Got Rodney trotter on it saying "One day Rodney We'll be ........".
Good luck to all investors here, I do believe in the last couple of days things are looking much better for our company.

Dividend cannot be distributed in any form until some sanctions are lifted as it would be unfair to those who purchased on the Moscow exchange. Just means our company has more financial muscle and will load up speed of rebound once sanctions cleared probably late summer. Couple of things well worth noting.
70% of shareholders have held since the double digit shareprice days.
Russian interest rates have just dropped a few more percent saving us even more fees on loans outstanding.
"special operations dispute/war" is not stalemated, clear signs of hard progress.
Our company's production has not been badly effected by the above.
Also starting to see more investors taking positions here as the above is being noticed.
Certainly starting to see light at the end of the tunnel here, and this polymetal train is really thundering down the tracks.
Good luck all true investors here...dont think we will have to wait much longer.

Hi Cliostock,
You are most definitively correct that many investors are waiting with some pretty decent amounts waiting for positive signs from company sales. Actually doesn't have to be a great deal, but looking for a decent amount of sales growth.
I'm still in here but with a reduced holding by a factor of 5. I also still keep a very close eye on what's going on.

Main Ukraine supply road to Donbas now cut by Russian forces, one small much longer and riskier route remains but in range of artillery. Russia now stating it wants lifting of sanctions as part of the settlement deal in return for releasing grain supplies to prevent starvation.
Large amount of EU heavy weaponry not reaching front lines due to high amount of locational position sharing once in Ukraine to Russia by Russian sympathisers, and which results in destructive missile strike.
Main Donbas towns about to be cut off, with little chance of relief.
Losses still horrible on both sides, but the end is now in sight now one side clearly has the upper hand.
Believe poly normal operations is on the cards by late summer, with peace restored and sanctions against Russian personnel lifted.

Bit by bit Russian forces are inching forward, and are pretty close to achieving their objectives, Zilensky has already said that they know they will have to concede land to Russia in order for peace that will save many lives.
Wouldn't be surprised to see meaningful talks very soon.
One thing I do know for sure and that there is a fair amount of "cash" waiting in accounts ready to pile into this stock as soon as that peace is declared. Believe we are going to see one hell of a bull run when this happens. Believe that many who think they are going to be able to achieve and buy then at just a little more than the current price are indeed going to be disappointed.

https://nypost.com/2022/05/21/biden-signs-40b-ukraine-aid-as-zelensky-hints-at-ceding-territory/
This is the most fundamental thing I've heard since the start of the conflict. Now we have two sides which might well settle for what they have achieved now. Was always a fear of mine that Zelensky might not want to settle in the mistaken belief that the west would be willing to bankrupt themselves in order to support Ukraine.
Genuine chance of a peace now, and we know sanction lifting is a condition.

Think Uncle Sam wants to make sure Zelinsky doesn't get carried away with bravado after the Russians staged a strategic withdrawal. In that vain of thinking that the west will happily cripple them selves financially just to feed Ukraine with military supplies forever and a day. He would then continue a conflict without an end in sight, and that's exactly what the west wants to avoid, and does not want to become more involved either.
There will very soon be an opportunity for peace, and Zelinsky should grasp it and be grateful because the Russians are not getting a quarter of what they would like. However Mr.Putin can also claim a victory as well as he has taken 80% of the Donbas region. Time to stop the senseless slaughter.